Scientific Learning Named to Deloitte's Technology Fast 50 Program
Company is Recognized as One of Silicon Valley's Fastest-Growing Software and Information Technology Firms
10/26/06
Media Contact:
Mary Anne Petrillo
Director of Marketing
Scientific Learning Corporation
(510) 625-2218
mpetrillo@scilearn.com
Investor Contact:
Jane A. Freeman
Senior Vice President
Scientific Learning Corporation
(888) 665-9707, ext. 5526
investorrelations@scilearn.com
OAKLAND, CA - 10/26/2006 - Scientific Learning Corporation (NASDAQ: SCIL) the creator of the award-winning Fast ForWord® reading intervention product line, has been named to Deloitte's prestigious Technology Fast 50 Program for Silicon Valley. The program ranks the fastest growing technology, media, telecommunications, and life sciences companies in the area based on the percentage revenue growth over five years from 2001-2005.
During that time period, Scientific Learning's sales of its award-winning Fast ForWord reading-intervention products have resulted in outstanding revenue growth, said Scientific Learning CEO Robert C. Bowen. "We enjoyed a 174 percent increase in revenue between 2001 and 2005, primarily due to the resounding success of our Fast ForWord products, which are based on 30 years of neuroscience research and have been scientifically proven improve the foundational cognitive skills crucial to reading and learning," he said. "We're very pleased as a company to have achieved recognition among other elite Silicon Valley companies as part of Deloitte's Technology Fast 50 Program."
"Deloitte's Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Mark Jensen, National Director of the Venture Capital Services Group for Deloitte & Touche LLP in San Jose. "We applaud the successes of Scientific Learning Corporation and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About Scientific Learning Corporation
Scientific Learning produces the patented Fast ForWord® family of products, a series of computer-delivered intervention products that build learning capacity by developing the neurocognitive skills required to read and learn effectively. These foundational skills are built through a series of brain-based exercises that create fast, effective, and enduring results. Based on more than 30 years of neuroscience and cognitive research, the Fast ForWord products use patented technology and applications of validated neuroscience principles to help children, adolescents, and adults build the language and reading skills widely recognized as the keys to all learning.
The exercises align with the scientifically based reading-research guidelines and the requirements of the No Child Left Behind Act. The efficacy of the products has been confirmed by more than 200 independent research studies.
For more information about Scientific Learning and its products, visit our Web sites at www.scientificlearning.com and www.brainconnection.com, or call toll-free 888-452-7323.
This press release contains projections and other forward-looking statements that are subject to the safe harbor created by the federal securities laws. Such statements include, among others, statements relating to the anticipated availability date, customer acceptance and benefits of the new product. Such statements are subject to substantial risks and uncertainties. Actual events or results may differ materially as a result of many factors, including but not limited to: unanticipated technical or engineering obstacles in product development; the extent of acceptance and purchase of the product by target customers; competition; the extent to which the Company's marketing, sales and implementation strategies are successful; the Company's ability to continue to demonstrate the efficacy of its products, which depends on how the programs are administered, the demography of participants and other factors; and other risks detailed in the Company's SEC reports, including but not limited to the 2005 Report on Form 10-K (Part 1. Item 1A, Risk Factors) filed March 14, 2006 and the Report on Form 10Q for the second quarter of 2006 (Part II, Item 1A, Risk Factors), filed August 14, 2006.
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